Taking note of the recent “rise” in gold prices. Since mid-August, the pace of increase has further accelerated, and the spot price of London gold has once again reached 4,600 US dollars. Market concerns about US dollar credit continued to heat up due to factors such as US 30-year Treasury yields hitting a new high since 2007 and the US Treasury intervention in the bond market. Gold has received market capital attention as a credit hedging tool, and its monetary properties have ushered in a revaluation. According to institutional analysis, market concerns about the US financial situation and global central bank demand for gold purchases are the medium- to long-term core logic that supports the price of gold, and global credit restructuring may raise the price center of gold.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.